Explor Resources Inc. (TSXV:EXS) announced a non-brokered private placement 2,000 units at a price of CAD 1,000 per unit for gross proceeds of CAD 2,000,000 on February 1, 2018. Each unit consists of 7,143 common shares at a price of CAD 0.07 per common share and 3,572 warrants; and 7,143 flow-through shares at a price of CAD 0.07 per flow-through share and 3,571 warrants. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.12 per share for a period of 24 months from the date of closing. The company may pay the finder’s fee in connection with this transaction. This transaction is subject to the final approval of the TSX Venture Exchange.